Middle East Economic Survey


No 24



Gazprom And DESFA Sign South Stream Agreement

Gazprom CEO Alexei Miller and George Paparsenos, CEO of Greek transmission system operator DESFA, on 7 June signed an agreement to establish a joint venture company for the construction of the Greek component of the South Stream project. The company, called South Stream Greece SA, will on a 50:50 basis build, own and operate a 10 bcm/year capacity pipeline. The company will be based in...